financeHospitalityNet··1 min·For: Owner, GM, Revenue, IT, Investor
Automation Recovers Over €100,000 in Lost OTA Revenue
RobosizeME is hosting a webinar to show how automated virtual credit card reconciliation can recover significant revenue leakage, citing a case where one hotel recovered €100,000.
Key Takeaways
- 1Implement automated VCC reconciliation to recover an estimated 1-2% of OTA revenue lost annually to manual errors.
- 2Reduce daily labor costs by replacing manual OTA auditing, which typically requires 30 minutes per platform, per property.
- 3Utilize daily automated flagging to identify payment discrepancies in real-time before they become unrecoverable.
Source: HospitalityNet
Keep reading
Our reporting
More in finance